Spot Cargo Markets — Iraq Fears Recede

摘要

Oil prices fell back as fears eased over export disruptions from war-ravaged Iraq — allowing traders to cash in profits. Assurances on Thursday from United Nations Iraq Special Envoy Nickolay Mladenov that Iraq’s southern oil fields — which produce most of the nation’s 3.3 million barrels per day — remained unaffected by the fighting helped international benchmark Brent settle at $113.21 per barrel, down $2.50/bbl from a nine-month high of $115.71/bbl on Jun.